In October as the Ethereum network gears up for its highly anticipated hard fork.Image Credit: Google
Centralization fears are mounting after it was revealed that over 80% of all Ethereum blocks were relayed by Flashbots in October.Image Credit: Google
Flashbots is a private, centralized network of high-powered nodes that has been accused of being a major contributor to the recent rise in network congestion and transaction fees.Image Credit: Google
The news comes as the Ethereum community is debating whether or not to fork the network in order to increase the block size and improve scalability.Image Credit: Google
Some members of the community have raised concerns that a fork would centralize power within the hands of a few big miners and node operators.Image Credit: Google
The data was revealed in a recent blog post by Parity Technologies, which is one of the largest Ethereum clients.Image Credit: Google
According to the post, over 80% of all blocks were relayed by Flashbots in October.Image Credit: Google
And the network has become increasingly centralized over the past few months.Image Credit: Google
The blog post goes on to say that the high percentage of blocks being relayed by Flashbots is "worrying"
That it could lead to a "potential 51% attack.
"A 51% attack is when a miner or group of miners control more than half of the network's hash rate.